Refinery Catalyst Market to Trace Exponential Gain from 2019 to 2025; Boosted By The Oil and Gas Industry

Refinery Catalyst Market is likely to cross USD 5.5 billion by 2025; according to a new research report. The revival of global oil & gas industry plays a noteworthy role in the product market. The increasing number of oil & rigs will increase the refined petroleum products which will further propel the refinery catalyst market by the end of 2025. Entire oil & gas rig count witnessed a massive fluctuation in the past couple of years with record low prices and weakening demand. Refinery catalysts are employed in various processes that include isomerization, reforming, desulfurization, catalytic cracking, etc. The product help refiners to meet operational efficiency, manage fuel standards, without affecting the environment. Shrinking fuel quality standards includes reduction of benzene, olefins, etc. to shift towards fuels that are extremely low in sulfur content, which has escalated demand of catalyst for chemical synthesis.

On materials basis, refinery catalyst market is subdivided into chemical compound, zeolite, metal & others. In terms of revenue, the chemical compound segment is expected to grow with a CAGR of more than 2% by 2025. Sulfuric acid, hydrofluoric acid and other chemicals compounds are suitably used as chemicals compounds-based catalysts. Chemicals compounds are immensely used in alkylation processes that is likely to propel its demand in the coming years.

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The refinery catalyst industry is gradually aligning with the increased petroleum production resulting from the resurgence of oil & gas industry, in the process of stabilizing after a tremendous downfall earlier in the decade. With an attempt by major refineries worldwide to comply with fuel standards, achieve operational efficiency and enhance the fuel output with minimum emissions, the refinery catalyst market can soon be expected to achieve escalated consumption rates.

Availability and fluctuating raw material prices may hamper the product market growth during the projected timespan. The production of refinery catalyst includes eminent usage of unique earth metals such as vanadium, tungsten, molybdenum, etc. which are available at very few locations globally. This will restrict the refinery catalyst market growth in future.

Product variants consist of hydro processing, alkylation, reforming & isomerization and FCC (fluid catalytic cracking). Among these, alkylation catalyst market is expected to grow with a CAGR of more than 3% for the forecast spell. These catalysts are mainly used to convert low-molecular-weight alkenes such as a mixture of butene and propene along with isobutane into alkylate.

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Europe refinery catalyst market will clutch more than 20% of the revenue share in future due to the presence of petrochemical industry and refineries in many European countries. Middle East & Africa will grow with the CAGR of over 4% in future owing to the extensive production of crude oil & gas.

Another instance that envisions a growing refinery catalyst market is the cooperative venture between Indian Oil Company and Saudi Aramco, recently joined by the Abu Dhabi National Oil Company (ADNOC) which will buy 50% of Aramco’s share in the venture.

Glimpse of Table of Content (ToC)



Chapter 4. Refinery Catalyst Market, Type by Material

4.1. Global refinery catalyst market type insights

4.2. FCC catalyst

4.2.1. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.2.2. Market estimates and forecast, by region, 2014–2025

4.3. Hydroprocessing catalyst

4.3.1. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.3.2. Market estimates and forecast, by region, 2014–2025

4.3.3. Hydrotreating catalyst

4.3.4. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.3.5. Market estimates and forecast, by region, 2014–2025

4.3.6. Hydrocracking catalyst

4.3.7. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.3.8. Market estimates and forecast, by region, 2014–2025

4.3.9. Other hydroprocessing catalyst (hydrorefining, hydrodesulfurization, etc.)

4.3.10. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.3.11. Market estimates and forecast, by region, 2014–2025

4.4. Alkylation catalyst

4.4.1. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.4.2. Market estimates and forecast, by region, 2014–2025

4.5. Reforming & isomerization catalyst

4.5.1. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.5.2. Market estimates and forecast, by region, 2014–2025

4.6. Others (desulfurization, etc.)

4.6.1. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.6.2. Market estimates and forecast, by region, 2014–2025

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/refinery-catalyst-market

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